Washington, D.C. (March 4, 2021) — The Independent Community Bankers of America (ICBA) today announced that its Preferred Service Provider relationship with QwickRate LLC now includes its IntelliCredit loan review and credit intelligence solutions, which are designed to help community banks better detect and manage credit risk.
“It’s imperative that community banks have an effective means to uncover, evaluate, report and respond to early signs of trouble in their credit portfolio,” ICBA’s Senior Executive Vice President of Community Bank Solutions Kevin Tweddle said. “We’re pleased to continue our relationship with QwickRate, which provides our members with a simple and efficient means to assess the health of their portfolio and conduct online loan reviews, so they can continue to focus on what they do best—serving the needs of their customers and communities.”
IntelliCredit’s cloud-based solutions include Portfolio Analyzer, which delivers analysis of a bank’s portfolio and loan data to identify hotspots and detect risk earlier. Smart Loan Review™ expedites the loan review process online and supports both internal and external reviews.
IntelliCredit also offers loan review services that include the use of their technology. A division of QwickRate, IntelliCredit was created by credit specialists whose decades of expertise in managing and analyzing credit risk inform every data point, chart, calculation and process to help mitigate credit risk.
“We believe the IntelliCredit team has put together the most innovative, efficient and affordable credit review process we’ve seen,” said Ed Cooney, CEO of Affinity Bank. “It certainly helps that they’ve developed this solution using their deep credit experience working with community bankers.”
“QwickRate takes pride in our long-standing relationship with ICBA and values the opportunity to support its community bank members,” said QwickRate President Shawn O’Brien. “We look forward to continuing to protect their best interests with our IntelliCredit offering, which not only delivers game-changing advances in the decades-old loan review process, but also provides insights enabling banks to take earlier actions that can reduce credit losses.”
For more information about ICBA’s Preferred Service Provider program, visit www.icba.org/psp.
The Independent Community Bankers of America creates and promotes an environment where community banks flourish. ICBA is dedicated exclusively to representing the interests of the community banking industry and its membership through effective advocacy, best-in-class education, and high-quality products and services.
With nearly 50,000 locations nationwide, community banks constitute 99 percent of all banks, employ more than 700,000 Americans and are the only physical banking presence in one in three U.S. counties. Holding more than $5 trillion in assets, over $4.4 trillion in deposits, and more than $3.4 trillion in loans to consumers, small businesses and the agricultural community, community banks channel local deposits into the Main Streets and neighborhoods they serve, spurring job creation, fostering innovation, and fueling their customers’ dreams in communities throughout America. For more information, visit ICBA’s website at www.icba.org.
For over three decades, QwickRate has provided the premier CD Marketplace for non-brokered funding and investing. With more than 3,000 members, the Marketplace offers a cost-effective way for institutions to gain direct access to a nationwide CD market to help proactively manage their primary and contingency liquidity needs. QwickRate also offers other robust tools for community financial institutions including QwickAnalytics® for affordable access to interactive research on all U.S. banks, performance analysis and regulatory tools. QwickRate’s IntelliCredit™ division delivers loan review and credit intelligence solutions that provide easy, affordable ways for community banks to expedite loan reviews, detect hotspots and take earlier action to reduce credit losses. QwickRate, a Preferred Service Provider of The Independent Community Bankers of America (ICBA), is known for its exceptional customer service, which includes unlimited support and valuable on-staff regulatory guidance. For more information, contact QwickRate at [email protected] or 800.285.8626.